JD.com, Inc. (JD) Research & Development (2013 - 2026)

JD.com has disclosed Research & Development across 14 years of filings, most recently posting -$995.0 million for Q1 2026.

• In Q1 2026, Research & Development fell 56.2% year-over-year to -$995.0 million; the TTM figure through Mar 2026 stood at -$3.5 billion (down 42.43% YoY), while the FY2025 annual figure was $3.2 billion, up 36.26% from the prior year.
• Research & Development retreated to -$995.0 million in Q1 2026, from -$953.0 million in the prior quarter.
• Over the last five years, Research & Development for JD reached as high as -$520.0 million in Q3 2023 and fell as low as -$995.0 million in Q1 2026.
• The 5-year median for Research & Development is -$611.0 million (2023), against an average of -$664.2 million.
• Annual changes were most pronounced in 2023 — Research & Development gained 11.85% — and 2025, when it plunged 58.57%.
• A 5-year view of Research & Development shows it stood at -$633.0 million in 2022, then gained by 3.48% to -$611.0 million in 2023, then climbed by 1.64% to -$601.0 million in 2024, then tumbled by 58.57% to -$953.0 million in 2025, then retreated by 4.41% to -$995.0 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered -$995.0 million, -$953.0 million, and -$793.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.